MF Global Client Funds Still Missing

By

Scott Patterson

Updated Nov. 6, 2011 9:18 a.m. ET

Hundreds of millions of dollars are still missing from customer accounts at MF Global Holdings Ltd., according to people familiar with the matter.

On Friday, MF Global said it had discovered $659 million in customer funds in one of its accounts at J.P. Morgan Chase & Co. that it hadn't been able to locate while scrambling to avoid bankruptcy. The implication was that there was no meaningful shortfall in client funds.